You said...
"e.Digital has had suspicious trading patterns for years. How many days have we seen the price drop 10+% on virtually no volume and then rise 2% on fairly heavy volume. Inexplicable unless the share price is being manipulated"
And arkie said...
"Sounds like MM/Ameritrade is eXpecting some good News coming to e.Digital and the want to curb the run"...
Juxtaposing these two astute remarks makes it clear that most here have a good read of what is going on...
When you see 59K-130K trading days, and you see a pps fluctuation range of 1.5 to 3 cents a day, it is clear that you are not talking about "BIG BUCKS" trading activity...
mguru's observations of a few posts back were a statement of the FACTS as we all know them. And those fundementals are getting better on a daily basis fo EDIG. (even our resident Mr. Cautious agrees with that assessment), and leaves us with the question:
WHY HAS EDIG PPS DROPPED SOME 40% SINCE THE HIGH OF $.28 REACHED AFTER THE ANNOUNCEMENT OF DM COMING ON BOARD?...
The answer to the question is in the eyes of the beholder. I agree with your observation that "EDIG has had "Suspicious trading patters for yesrs." But, "Suspicious" is a highly subjective assessment of a complex human activity like trading in stocks.
Logic tells me that MMS are doing their job creating a market place for trading of EDIG shares, on a daily basis, within a 3 cent range. And, depending on what NEWS are affecting the "General Market", or the the EDIG "Market", the pps close up and down for the day.
If we set "suspicious"
